UMB Fund Services, a subsidiary of UMB Financial Co., the listed, Missouri-based multi-bank holding company, added to its holdings JD Clark & Co., an alternative investment firm, in an all-cash deal.

JD Clark’s founder, Jeffery Clark, will remain as its chief executive. The company will be integrated into UMB Fund Services as a wholly owned division, but will continue to operate from JD Clark’s Utah headquarters. JD Clark has $18.5 billion in assets under administration.

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